Santa Fe Gold Engages Collabrium Capital as Financial Advisor

ALBUQUERQUE, N.M.--(BUSINESS WIRE)-- Santa Fe Gold Corporation (OTCBB:SFEG) is pleased to announce it has engaged Collabrium Capital ("Collabrium") for corporate finance advisory services. Headquartered in London, Collabrium is an investment house providing fund management and advisory services in emerging markets and closely related asset classes. The firm has built substantial geographical reach and depth in its operating capability and maintains a global network of affiliated partners in financial services, industry and government.

Collabrium's three principals have almost 100 years of experience in developing and managing successful financial institutions in the UK and overseas, and in both equity and fixed income products. http://www.collabriumcapital.com.

"We are delighted to establish a strategic relationship with Collabrium, especially in light of the group's financial strength and the depth of financial experience of its managers, partners and affiliates," said Pierce Carson, CEO. "We believe Collabrium's financial and market support will be invaluable to Santa Fe as we develop our properties and build the company."

Stephen Couttie, CEO of Collabrium Capital, commented, "This is a special opportunity for Collabrium. We believe we can make a substantial contribution to Santa Fe, through both the introduction of the company to markets where it has had less exposure, and broad assistance with the development of its business. We very much look forward to working with Santa Fe Gold."

About Santa Fe Gold:

Santa Fe Gold is a U.S.-based mining and exploration enterprise focused on acquiring and developing gold, silver, copper and industrial mineral properties. Santa Fe controls: (i) the Summit mine and Lordsburg mill in southwestern New Mexico, which began commercial production in 2012; (ii) a substantial land position near the Lordsburg mill, comprising the core of the Lordsburg Mining District; (iii) the Ortiz gold property in north-central New Mexico; (iv) the Black Canyon mica deposit near Phoenix, Arizona; and (v) a deposit of micaceous iron oxide (MIO) in western Arizona. Santa Fe Gold intends to build a portfolio of high-quality, diversified mineral assets with an emphasis on precious metals.

This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable US and Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, variations in the market price of any mineral products the Company may produce or plan to produce, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, the Company's inability to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, and other risks and uncertainties disclosed in the Company's Annual Report on Form 10-K for the year ended June 30, 2011 and its most recent quarterly reports filed with the United States Securities and Exchange Commission (the "SEC"), and other information released by the Company and filed with the appropriate regulatory agencies. All of the Company's US public disclosure filings may be accessed via www.sec.gov and its Canadian public disclosure filings may be accessed via www.sedar.com, and readers are urged to review these materials.